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Kwesé buys 'significant stake' in iflix Africa

Econet Media Ltd.-owned pay TV operator Kwesé has acquired a "significant stake" in the African business of streaming service iflix.

According to a news release, the transaction will allow Kwesé to include iflix Africa in its mobile offering for customers across its footprint in sub-Saharan Africa. In turn, iflix will be able to expand its reach in the region, having already opened operations in Ghana, Kenya, Nigeria and South Africa.

The deal, financial details of which were not disclosed, expands an existing partnership between Kwesé and iflix Africa.

Kwesé operates a pay-as-you-watch pay TV service in 13 countries. It also owns Kwesé Free Sport, a free-to-air network aired in at least 25 countries.